DFW Economy

[tamtagon]

The future state of Ross Avenue is as revolutionary as it has ever been. Past live were chock full of dingy dirty warehouses, slimy used car dealerships, whorehouses, a silk stocking row of the finest homes in North Texas, an undesirable neighborhood that sheltered the beginnings of the North Texas gay scene. Ross Avenue lived as the "Uptown" of the past where the most expensive rents budded off the Central Business District. The Arts District is turning that whole downtown area into a completely new type of city neighborhood, a world city.

All that social and cultural change will continue for at least another generation as Ross Avenue is refocused again with Shraman South Asian Museum, Headington, and Spire. We've discussed for a few years now the conditions, amenities and quality of life along McKinney Avenue. We'll have similar discussions about Ross as the inevitable repair to the streetscape comes on line.

The walk from the Texas Book Depository to the Latino Cultural Center will be the guide to municipal grooming of Ross Avenue. If not because it's the right thing for a community to do, then because that's the foundation of a powerful 'economic engine.'

[DPatel304]

By the way, when I was talking about Ross Ave, I was specifically talking about the portion of Ross Ave. to the east of the CBD.

[tamtagon]

I guess we've seen this emerge for some time now, but can it be said that 'logistics' is to Dallas as oil is to Houston? What was once marketed as the Dallas Inland Port (among other names!) is thriving.

One Los Angeles/Long Beach Port logistics company pioneered in South Dallas County with the Dallas Intermodal Port and after a decade of whatever-you-want-to-call-it, another LA/LBC logistic company is taking over, calling it Southport Logistics Park. I missed that Xebec relocated it's HQ to Dallas.

Alliance is no joke! NAFTA and Perot made that happen and it's a globally acknowledged operation now; some may believe political wheel-greasing kept the South Dallas initiative hibernating while Alliance laid it's foundation, but the regional economy clearly supports two largest scale cargo shuffling operations, and not to be forgotten is DFW Airport.

Very compelling.

[tamtagon]

I guess we've seen this emerge for some time now, but can it be said that 'logistics' is to Dallas as oil is to Houston?
...
Very compelling.

ummmmm, unless politics hamstrings the state's economy:

https://www.dallasnews.com/business/tra ... -trade-war

Payback from China and other countries to Trump's trade actions now covers billions of dollars' worth of Texas exports, according to data collected by the U.S. Census Bureau. That hit, focused on the ag and energy industries, appears to be greater than what's being felt in any other U.S. state.

Texas has likewise borne the brunt of Trump's steel and aluminum tariffs. The state would also feel a keen impact if the U.S. ends up imposing levies on imported cars or if China follows through on a pledge to slap duties on crude oil, petrochemicals and other Texas stalwarts.

No corner of the Texas economy is likely to go untouched.

...Many Texas farmers are trying to stay optimistic, especially since Trump has promised to protect a community he talks about with near-reverence.
..."There are limitations to what China will be able to do, in part because China has a lot more to lose," said Scott Paul, president of the Alliance for American Manufacturing and a supporter of Trump's trade approach.

In all the turbulence and turmoil, someone will find a way to make tons of money off the media hyped trade war.

[Cord1936]

You know the Dallas area economy is absolutely SIZZLING RED HOT when you have 1,000,000 square feet of retail space being dumped back onto the market yet at the same time the demand is so great that our 2Q18 retail occupancy rate INCREASES and comes close to setting a new all-time high!

AMAZING!!!

Sears And Toys-R-Us Emptying 1M SF In DFW, But New Anchors Push To Near-Record Q2 Retail Occupancy
By Catie Dixon, Managing Editor, Dallas BisNow, July 05, 2018

While the U.S. had its worst quarter of retail absorption since the recession, Dallas came close to setting a new occupancy record.

Retail occupancy edged up in Q2 to 92.5%, the second-highest rate in 30 years, just behind the 92.7% occupancy at year-end 2016.

That number is a little surprising considering the 1M SF of vacancy hitting the market from Sears and Toys R Us closings alone (which are hurting occupancies nationwide), but big box-space has been backfilling nicely, Weitzman data shows.

"The market has been able to maintain steady occupancy in the face of some major store closings because the closures are being largely offset by pre-leased new construction and the backfilling of large vacancies," Weitzman's Q2 report said.
...
Construction is still churning strong in DFW, and Weitzman predicts deliveries in 2018 will mirror the 4.1M SF that delivered last year.
...
Weitzman has tracked 3.5M SF of retail underway or with announced openings this year, which will push DFW's retail inventory over 200M SF for the first time. And that isn't anything to worry about.

"The outlook for the DFW retail market in 2018 and going into 2019 remains strongly positive as retail is supported by growth in the key areas of population, job gains and single- and multifamily housing deliveries," Weitzman said.

Article: https://www.bisnow.com/dallas-ft-worth/news/retail/sears-and-toys-r-us-emptying-1m-sf-in-dfw-but-new-anchors-push-to-near-record-q2-retail-occupancy-90318?be=dallasdecodence%40aol.com&email=dallasdecodence%40aol.com&utm_source=MorningBrief&utm_medium=email&utm_campaign=20180706_dallas-ft-worth_morningbrief

[cowboyeagle05]

There is always someone who wants a piece of the DFW pie even if they don't last long enough to see their profits ever rise to the level of some of our long-term retail giants.